200 Classics Offered By Lloyds Following Australian Tax Office Dispute

Bentley Derby Gurney Nutting Sedanca Coupe
Bentley Derby Gurney Nutting Sedanca Coupe

Following controversy with the Australian Taxation Office over 200 classic cars will be offered by Lloyds Auctions on Sunday, April 7 2019.

Museum, historic dealer and purveyors of fine vehicles, Gosford Classic Cars has been forced into administration after a dispute with the Australian Tax authorities. The ATO reportedly went against its own advice that the owner could claim tax exemptions when trading as a dealership.

Included in the sale will be an Aston Martin DB5 in the popular Silver Birch overcoat and original Dark Blue Connolly leather trim. An online bid of $880,000 has already been offered at this point in time. Online bids and information can be found here.

Aston Martin DB5
Aston Martin DB5

Another eye-catching star of the auction is a Bentley Derby Gurney Nutting Sedanca Coupe was originally sold new in London, UK. Although official build numbers do not exist, it is believed that less than 20 Bentley Derby’s received coach work from ultra-exclusive coach builders Gurney-Nutting (current bid stands at $216,000).

Other quirky additions to the impressive lot list include this amazingly rare Wartburg 353, which were used for most types of government transportation agencies, including police cars. The production of the Wartburg 353 featured two releases, the first up until 1975 and the second through til 1988, now being fitted with a ‘W’ badge. Made up of these releases were two editions of the 353W with one from 1975 to 1983 and the other from 1983 (current bid stands at $2,731).

Wartburg 353
Wartburg 353

Lee Hames, Chief Operations Officer for Lloyds Auctions said:
“It’s a very exciting moment for Australian bidders with further opportunity to own one of these dream classic cars.

“Not only is this an important indication that the classic car market is extremely strong here in Australia but it means we are also seeing a shift in the popularity rising in American and especially European classics.

“This is a unique opportunity for classic car lovers and collectors to purchase something very special.

“There will be thousands of people showing up this weekend so we encourage everyone to jump online to get their free tickets with opportunity for upgrades for those who want the full experience.”

An estimated 200 classic cars will go under auctioneers gavel on Sunday 7th April 2019, with rare auto memorabilia being auctioned on the 6th April.

Further information is available at the Lloyd Auctions website and the full catalogue of vehicles is also available via the link here.

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